NETL vs. BBRE ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.32

Average Daily Volume

13,842

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$83.96

Average Daily Volume

16,727

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	NETL	BBRE
30 Days	0.23%	-3.57%
60 Days	1.05%	-5.45%
90 Days	1.97%	-2.04%
12 Months	0.28%	4.56%

18 Overlapping Holdings

Symbol	Grade	Weight in NETL	Weight in BBRE	Overlap
ADC	B	4.14%	0.53%	0.53%
BNL	B	3.88%	0.28%	0.28%
EPR	C	3.96%	0.33%	0.33%
EPRT	A	4.37%	0.4%	0.4%
FCPT	B	3.38%	0.21%	0.21%
GLPI	D	3.29%	1.15%	1.15%
GNL	D	3.8%	0.15%	0.15%
GOOD	B	4.34%	0.06%	0.06%
GTY	B	4.1%	0.12%	0.12%
IIPR	B	4.27%	0.32%	0.32%
LXP	D	3.86%	0.25%	0.25%
NNN	A	7.92%	0.77%	0.77%
NTST	C	4.0%	0.1%	0.1%
O	B	8.19%	4.27%	4.27%
OLP	A	4.11%	0.05%	0.05%
STAG	D	7.42%	0.65%	0.65%
VICI	B	7.65%	2.85%	2.85%
WPC	C	7.68%	1.2%	1.2%

NETL Overweight 2 Positions Relative to BBRE

	Symbol	Grade	Weight
	PSTL	C	3.34%
	PINE	D	1.76%

NETL Underweight 95 Positions Relative to BBRE

Symbol	Grade	Weight
PLD	D	-9.83%
EQIX	F	-6.64%
WELL	A	-4.8%
SPG	C	-4.38%
DLR	C	-4.14%
PSA	D	-4.0%
EXR	C	-3.02%
AVB	A	-2.77%
EQR	A	-2.42%
IRM	D	-2.3%
INVH	B	-2.17%
ARE	D	-1.9%
VTR	B	-1.9%
ESS	A	-1.67%
MAA	B	-1.57%
SUI	F	-1.49%
DOC	A	-1.37%
HST	D	-1.36%
KIM	C	-1.31%
UDR	B	-1.26%
AMH	C	-1.19%
ELS	D	-1.15%
CPT	B	-1.05%
REG	D	-1.03%
CUBE	D	-0.96%
BXP	F	-0.92%
REXR	D	-0.82%
FRT	B	-0.79%
OHI	B	-0.76%
EGP	D	-0.71%
BRX	C	-0.7%
FR	D	-0.64%
COLD	F	-0.62%
AIRC	A	-0.6%
RHP	D	-0.57%
KRG	B	-0.49%
VNO	F	-0.45%
TRNO	D	-0.43%
PECO	D	-0.4%
KRC	D	-0.38%
CUZ	B	-0.37%
PK	D	-0.37%
IRT	B	-0.37%
SLG	B	-0.35%
SBRA	A	-0.34%
APLE	F	-0.33%
NSA	D	-0.32%
SKT	C	-0.31%
MAC	D	-0.31%
MPW	D	-0.3%
NHI	A	-0.29%
HIW	B	-0.29%
SITC	C	-0.28%
CTRE	B	-0.26%
DEI	B	-0.25%
EQC	B	-0.22%
SHO	D	-0.22%
UE	B	-0.21%
PEB	D	-0.2%
DRH	D	-0.19%
IVT	B	-0.18%
RLJ	D	-0.18%
XHR	D	-0.17%
AKR	B	-0.17%
JBGS	F	-0.16%
ROIC	D	-0.16%
LTC	A	-0.15%
ESRT	D	-0.14%
ALEX	C	-0.13%
AIV	B	-0.13%
AAT	B	-0.12%
SVC	F	-0.11%
DEA	B	-0.11%
CSR	A	-0.11%
PLYM	F	-0.1%
NXRT	B	-0.09%
BDN	B	-0.09%
PDM	B	-0.09%
PGRE	B	-0.09%
UMH	C	-0.09%
AHH	B	-0.08%
HPP	F	-0.08%
CHCT	F	-0.07%
INN	D	-0.07%
ALX	B	-0.06%
GMRE	D	-0.06%
BFS	D	-0.06%
WSR	C	-0.06%
FPI	B	-0.06%
CLDT	F	-0.05%
LAND	D	-0.05%
UHT	D	-0.05%
DHC	F	-0.03%
CBL	F	-0.03%
PKST	F	-0.02%